Glossary of Tax and Finance Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

U

Unrecaptured Section 1250 gain
Long-term gain realized on the sale of depreciable realty attributed to depreciation deductions and subject to a 25% capital gain rate.
Useful life
For property not depreciated under ACRS or MACRS, the estimate of time in which a depreciable asset will be used.